China has sought stricter control on currency leaving its borders in an attempt to prevent devaluation of the Yuan. China’s SAFE (State Administration of Foreign Exchange) Program has implemented blockades on currency exiting China for the purpose of new Real Estate or Insurance transactions. There has been a surge in the smuggling of currency out of China, and SAFE is …
CHINESE BUYER UNCERTAINTY SCATTERS THROUGHOUT US ECONOMY
We’re back on topic with Trade War, but this time, it’s much worse. Chinese Buyers are packing up and leaving as tensions between China & the US worsen. CNBC is calling it the “Trump Effect”. Punishing Tariffs on foreign trade and commerce is costly to Chinese Buyers, and causing them to question American Assets. While vice-versa, China is putting tighter …
US/CHINA TRADE WAR HURTS HOME BUYERS
Chinese home buyers are the number one grossing international investor in US real estate. However, substantial circumstances have seen a major slide in regards to investment growth. The war on trade under President Trump has caused trade relationships between China & the US to falter. This has caused Chinese investors to seek more desirous nations for international trade, seeing a …